gdf_fx
Long

DOLLAR LONGS USDX/DXY

TVC:DXY   US Dollar Currency Index
38 1 3
The dollar snapped its down trend and we saw a continuation and holding of the ascending trend line to end last week.

We also ended the week with an inside day with the Fridays complete range fully engulfed in the Thursdays candle body.

Fridays close with a big bullish body inverted hammer tells me that bulls have taken control so my initial thoughts are dollar longs.

if we break above the key price zone which I expect then I will expect prices up to 95.90 and then as high as 98 barring fundamental data that changes the course of the dollar. This supports my bias on GBPUSD             which is currently short.
On my instagram i posted this chart over the weekend and noted the inside day. We have broken out to the upside now. if price sells off at the key price zone if price rejects the key price zone i will be pretty heavily short expecting a full inside day failure pattern followed by a resume of the downside to 93.17 ish
Reply
United Kingdom
United States
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out